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Report Date : |
04.06.2013 |
IDENTIFICATION DETAILS
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Name : |
TOMY DIGITAL BIOLOGY CO LTD |
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Registered Office : |
3-14-17 Tagara Nerima-Ku, Tokyo 179-0073 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
Jul 2001 |
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Com. Reg. No.: |
(Tokyo-Nerimaku) 007896 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Imports, exports and wholesales bio & scientific
instruments: centrifuge, cultivation chamber (incubator), ultrasonic
disrupter, micro tube mixer, other related instruments |
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No. of Employees : |
30 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
--- |
NOTES
:
Any query related to this report
can be made on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List – March 31st,
2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
JAPAN |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy.
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Source : CIA |
TOMY DIGITAL
BIOLOGY CO LTD
Tomy Digital
Biology KK
Edge Bldg, 2-9-1 Ikenohata
Taitoku Tokyo 110-0008 JAPAN
Tel:
03-5834-0810 Fax: 03-5834-1888
*.. The is
its Registered Address
URL: http://www.digital-biology.co.jp
E-Mail
address: info@digital-biology.co.jp
Import,
export, wholesale of bio/scientific instruments, centrifuge
Nil
(subcontracted)
KENJIRO
TOMINAGA, PRES Yoshiaki Arai, dir
Yoshinori
Nanpo, dir Jun’ichi
Sunaga, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 2,388 M
PAYMENTSREGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen 514 M
STARTED 2001 EMPLOYES 30
TRADING FIRM SPECIALIZING IN BIO & SCIENTIFIC
INSTRUMENTS.
FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
The subject company was established on the basis of a
trading division separated from Tomy Seiko Co Ltd (See REGISTRATION). Kenjiro
Tominaga is concurrently pres at the parent.
This is a trading firm for import, export and wholesale of bio &
scientific instruments, centrifuge, other equipment, manufactured by the
parent, Tomy Seiko Co Ltd. Goods are
imported from USA, other.
The sales volume for Jun/2012 fiscal term amounted to Yen
2,388 million, a 45% up from Yen 1,652 million in the previous term. New product line-ups were added. Sales and export of bio-chemical instruments
were brisk. The net profit was posted at
Yen 97 million, compared with Yen 86 million a year ago.
For the current term ending Jun 2013 the net profit is
projected at Yen 100 million, on a 5% rise in turnover, to Yen 2,500
million. Weaker Yen will raise earnings
& profits in Yen terms.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
Date Registered: Jul 2001
Regd No.: (Tokyo-Nerimaku)
007896
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Tomy
Management Service Co Ltd* (100)
*.. Holding Company owned by
Tomy Seiko Co Ltd, mfr of bio/scientific instruments, centrifuge, Tokyo,
founded 1959, capital Yen 48 million, sales Yen 3,929 million, net profit Yen
46 million, employees 90, pres Kenjiro Tominaga, concurrently; the firm is
wholly owned by Kenjiro Tominaga
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Imports, exports and wholesales bio
& scientific instruments: centrifuge, cultivation chamber (incubator),
ultrasonic disrupter, micro tube mixer, other related instruments (--100%)
Clients: [Mfrs, wholesalers, overseas agents]
Tomy Tech USA, other
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Tomy Seiko Co,
other
Imports from USA, other
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Narimasu)
MUFG
(Shimo-Akatsuka)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
30/06/2013 |
30/06/2012 |
30/06/2011 |
30/06/2010 |
|
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Annual
Sales |
|
2,500 |
2,388 |
1,652 |
1,405 |
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Recur.
Profit |
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Net
Profit |
|
100 |
97 |
86 |
60 |
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Total
Assets |
|
|
1,343 |
1,167 |
1,157 |
|
Current
Assets |
|
|
959 |
805 |
801 |
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Current
Liabs |
|
|
387 |
350 |
399 |
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Net
Worth |
|
|
514 |
417 |
330 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
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|
0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.69 |
44.55 |
17.58 |
20.09 |
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Current Ratio |
|
.. |
247.80 |
230.00 |
200.75 |
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N.Worth Ratio |
.. |
38.27 |
35.73 |
28.52 |
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R.Profit/Sales |
|
.. |
.. |
.. |
.. |
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N.Profit/Sales |
4.00 |
4.06 |
5.21 |
4.27 |
|
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Return On Equity |
.. |
18.87 |
20.62 |
18.18 |
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Notes:
Forecast (or estimated) figures for the 30/06/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
UK Pound |
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy.
General unfavourable factors will not cause fatal effect. Satisfactory
capability for payment of interest and principal sums |
Fairly
Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited
with full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
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-- |
NB |
New
Business |
-- |
This score serves as a reference
to assess SC’s credit risk and to set the amount of credit to be extended. It
is calculated from a composite of weighted scores obtained from each of the
major sections of this report. The assessed factors and their relative weights
(as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.